This coming weekend, the OPEC+ countries with voluntary production cuts will meet virtually, Commerzbank’s commodity analyst Carsten Fritsch notes. Risk of a considerable oversupply on the Oil market “This has led to speculation that a further easing of production cuts could be decided. According to a Bloomberg survey, the market participants surveyed do not expect this to happen for…
2025.09.02 2025.09.02 Himino’s Speech Sends Yen Lower. Forecast as of 02.09.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The US dollar recovered slightly after the Federal Appeals Court’s verdict, while the Bank of Japan refrained from raising rates. As a result, the USDJPY pair soared. Let’s discuss this topic and make a trading plan. The article covers the following subjects: Major Takeaways The Bank of…
Will Australia’s Q2 2025 GDP report reinforce the RBA’s dovish biases? Or will the numbers temper traders’ easing expectations?
Fundamental Overview The USD finished last week at the lows despite the lack of meaningful catalysts. Overall, it just maintained the bearish bias triggered by Powell’s dovish tilt at the Jackson Hole Symposium. This week it’s doing the opposite with most of last week’s losses already erased. We are just ranging ahead of the key US data. In fact,…
Gold has surged above the top of its months-long ascending triangle, confirming a bullish breakout and signaling further upside. Momentum indicators remain supportive as prices near April’s $3500 peak, with $3575–$3600 the next key targets, Société Générale’s FX analysts note. Uptrend resumes as Gold clears key resistance “Gold has broken above the upper boundary of the ascending triangle within…
2025.09.02 2025.09.02 US Dollar Edges Lower As Markets Brace for Turbulence. Forecast as of 02.09.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ It seemed that if Trump’s tariffs were deemed illegal, the EURUSD pair would be able to resume its upward trend. However, the euro has encountered a set of headwinds, while the US administration has room for maneuver at its disposal. Let’s discuss…
The Land Down Under is about to print its GDP report soon, and another upbeat data point could further weigh on RBA easing hopes. Our Event Guide for Australia’s Q2 2025 GDP points out that trade activity and consumer spending likely contributed strongly to growth for the period, possibly setting up for an upside surprise. Here’s…
Gold is up another 0.6% today as buyers continue to keep poised in chasing a major breakout move to start September trading. Things are continuing to fall into place for gold and after a period of consolidation since the end of May, is this where we see the technical side also play ball? Gold (XAU/USD) daily chart The April…
When I read the news about the dismissal of Fed Governor Lisa Cook on a newsflash during my vacation, I was certain the markets would go crazy. To my surprise, however, I now have to acknowledge that EUR/USD is trading nearly unchanged compared to levels from three weeks ago. Even in the options market, I can’t detect any heightened…
With traders from the U.S. and Canada out enjoying the Labor Day holiday, how did financial markets fare during the first day of this brand new month? Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: U.S. Federal Appeals Court ruled that most of Trump’s tariffs are illegal, decision to be made…
